The bulls finally regained control of gold, silver and platinum. All three have now managed to reverse the trend following an extended downtrend. We saw them break above the resistance levels we wrote about last week, now we are looking to buy on downturns.
The trends are higher now, which makes us twice as long. We always have physical property and now we look forward to the future. Nobody knows how long this trend will last, but we don’t. ‘I am trying to time the markets. We use our algorithm for all solutions. When trading, it is necessary to remove all emotions and opinions.
Everyone asks how high they can climb. The answer is simple. I have no idea. We all know that someday they will hit new highs, but for now, gold should close above $ 1,830 December futures, $ 24 December silver futures, and $ 1,040 January platinum futures. Metals must break these levels and then hold them as support.
As the manipulators are resting, we are now long longs in gold, silver and, if we were trading, we would be long in platinum. However, I have a physical one. Remember that all markets will follow the path of least resistance. At the moment it is higher.
In all markets, price action determines what happens the next day, week, or months. Keep the two strategies separate. The worst trade you can get is turning the trade into an investment in the hope of getting out. Traders must learn to accept their losses and move on to the next trade.
Patience, discipline and money management always win. Let the market map show you the way.
Here is the registration for Monday ‘s Call October 18
Call registration Monday, October 18, 4:30 am EDT
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